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Oil & Gas
Oil theft: Report puts 2014 loss at $14bn, recommends…
A new report estimates that Nigeria lost $14 billion in 2014 alone to oil thieves and vandals.
The report, an…
Oando presses ahead with growth plans despite 2014…
Indigenous oil firm, Oando Plc, is pressing ahead with its growth plans, insisting that its pillars of strength…
Maersk oil to spend up to $845 million on African…
A.P. Moeller-Maersk agreed to buy African oil assets for as much as $845 million to revive an energy unit…
Oil steady after IEA sees sharp decline in investment
Oil prices were steady on Tuesday after the International Energy Agency noted unprecedented declines in investment,…
Oil, gas reforms for FDI optimisation: Nigeria may…
The dynamics of Foreign Direct Investment (FDI) in Africa has been recently altered, adding more complexity to an…
Tight competition depresses West African light sweet…
West African light sweet crude oil grades are in tight competition with the North Sea and Mediterranean grades in…
85 percent of NNPC losses from PPMC – Kachikwu
The Pipelines and Product Marketing Company (PPMC) is responsible for about 85 percent of the Nigerian National…
Nigerian crude sales pick up but differentials low
An overhang of Nigerian crude oil for November loading began to ease on Thursday, traders said, but differentials…
Crude posts weekly loss as supply glut and dollar drag
Crude oil prices were on track to post weekly losses on Friday as an oversupply of physical oil and a strong dollar…
Pipeline vandalism, logistics challenges responsible for…
The current hike in price of premium motor spirit (PMS), known as petrol, in Aba, the commercial hub of Abia State,…